Federal Reserve Release, H2, Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received

Release dates | Full version (300 KB PDF)
Actions by the Board | Actions under delegated authority
Applications and reports:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco

District: 6
Federal Reserve Bank of: Atlanta

Filings received during the week ending May 13, 2006

Filer Filing Type Filing Proposal End of Comment Period
COMPASS BANK * Branch Compass Bank, Birmingham, Alabama, to establish a branch located at 3003 North Central Avenue, Phoenix, Arizona, to be known as the Phoenix - Central Branch.
Newspaper: 05/18/2006
Federal Register: Not applicable
HOMETOWN OF HOMESTEAD, INC. * 3A1
* 3A3
Hometown of Homestead, Inc., Ft. Pierce, Florida (Hometown), to become a bank holding company by acquiring 100 percent of the outstanding shares of First of Homestead, Inc., and its subsidiary, 1st National Bank of South Florida (Bank), both of Homestead, Florida. Also enclosed are the applications by Hometown Banking Company, Ft. Pierce, Florida, to acquire 30 percent of the outstanding shares of Hometown and Bank; The Prosperity Banking Company, Inc., St. Augustine, Florida, to acquire 10 percent of the outstanding shares of Hometown and Bank; and Riverside Gulf Coast Banking Company, Cape Coral, Florida, to acquire 10 percent of the outstanding shares of Hometown and Bank. Hometown will change its name to Hometown of Homestead Banking Company after consummation.
Newspaper: Not available
Federal Register: 05/15/2006
MOUNTAIN COMMERCE BANCORP, INC. * 3A1 Mountain Commerce Bancorp, Inc., Johnson City, Tennessee, to become a bank holding company by acquiring 100 percent of the outstanding shares of Erwin National Bank, Erwin, Tennessee.
Newspaper: 06/12/2006
Federal Register: Not available
SOUTHERN NATIONAL CORPORATION CIC Southern National Corporation, Andalusia, Alabama, after-the-fact change in control notice by John E. Vick, Andalusia, Alabama; Claire Vick Leuenberger and Patricia Vick Moody, Auburn, Alabama; and Amanda Lee Vick, Decatur, Georgia, to retain 0.65 percent of the outstanding shares of Southern National Corporation and its subsidiary bank, Covington County Bank, both of Andalusia, Alabama. Total ownership is 14.29 percent.
Newspaper: 05/17/2006
Federal Register: 05/26/2006
SUNTRUST BANK * Branch SunTrust Bank, Atlanta, Georgia, to establish branches at the following locations: 7400 W. Camino Real, Suite 100, Boca Raton, Florida, to be known as the Camino Real Office; 450 University Boulevard, Jupiter, Florida, to be known as the Jupiter Abacoa Office; and 2240 M Street, N.W., Washington, D.C., to be known as the 23rd and M Street Office.
Newspaper: 05/24/2006
Federal Register: Not applicable
SUNTRUST BANK * Branch SunTrust Bank, Atlanta, Georgia, to establish a branch located at 125 Sherron Road, Durham, North Carolina, to be known as the Sherron Corners Office.
Newspaper: 05/25/2006
Federal Register: Not applicable


Availability of CRA Public Evaluations

The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR 228). The regulation was revised in May 1995.

The CRA requires that each depository institution's record in helping meet the credit needs of its entire community be evaluated periodically. That record is taken into account in considering an institution's application for deposit facilities.

A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.

Federal bank regulators use the following performance levels to rate an institution's performance under CRA:

O = Outstanding
S = Satisfactory
NI = Needs to improve
SN = Substantial noncompliance

The following state member banks have been examined and their CRA public evaluations are now available.
 
Institution / Location
RSSD
ID
 
Exam Date
CRA
Public Date
CRA
Rating
Exam Method
CAPITAL CITY BK, TALLAHASSEE, FLORIDA 876634 10/31/2005 04/27/2006 S Large Bank


CRA Examinations scheduled for     Quarter of

Institution Location
NONE

Release dates | Full version (300 KB PDF)
Actions by the Board | Actions under delegated authority
Applications and reports:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco